Hsu said frameworks for analyzing bank mergers need updating, but a merger moratorium would prevent deals that increase competition, better serve communities better, and enhance resiliency.
Browsing: Mergers and acquisitions
Speaking at an industry event today, Acting Comptroller Michael Hsu warned that “there is a gap with regards to large regional banks” when it comes to resolvability, and signaled his desire for additional reforms to ensure financial stability in the event of a large regional bank failure.
The FDIC issued a request for information today seeking public input on bank merger transactions, including mergers between an insured depository institution and a noninsured institution.
Under a new law signed by Mississippi Gov. Tate Reeves, only FDIC-insured banks can acquire or merge with Mississippi-chartered state banks.
The American Bankers Association told the Department of Justice today that the 1995 bank merger competitive review guidelines are outdated and do not take into account the competitive effects of online banking and competition from nonbanks.
Though this risk is lurking in the shadows, it can present significant financial exposure for the buyer.
Following the departure of Jelena McWilliams from the FDIC, Acting Chairman Martin Gruenberg today outlined his agency’s shift in priorities for the year ahead.
In a move that will significantly reduce the annual reporting burden on banks, the Federal Reserve today finalized a rule to automate non-merger-related adjustments to member banks’ subscriptions to reserve bank capital stock.
As part of the Biden administration’s broader competition initiative, the Department of Justice today announced it is seeking public feedback on potential revisions to its 1995 bank merger competitive review guidelines.
In a highly unusual move, at least two of the FDIC’s four board members today said they have approved a request for public comments on the agency’s rules for bank mergers and acquisitions.